Stephen Mandel, founder of Lone Pine Capital
Management, has been elected as chairman of Dartmouth
College’s board of trustees. Mandel, who graduated
from Dartmouth in 1978, replaces Charles "Ed" Haldeman Jr., who
graduated in 1970.
"He’s really one of the shining stars of our
alumni group," President Jim Yong Kim told local newspaper The
Valley News. "He’s made enormous contributions to
Dartmouth College in every way."
Mandel’s new position coincides with
Dartmouth’s plans to cover a $100 million budget
gap over the next two years, which includes laying off 30
non-union and non-faculty members by December.
"I am honored that my colleagues have asked me to serve as
Chairman of the Board," Mandel said in a statement. "I am excited about the opportunity to
work with President Kim, my colleagues on the Board and the
entire Dartmouth community in realizing an even greater future
for this College that we all love."